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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (42155)	4/5/2011 7:42:58 PM
From: Madharry	Read Replies (1) \| Respond to of 78510

I sort of followed you into pvr not sure why the rush to exit. the dividend seem ok. ilike the notion of getting royalties from coal assets. or you just wanted to move on after the buy out? i have this in a taxable account and am inclined to at least wait til it becomes a long term gain.

To: Paul Senior who wrote (42155)	4/6/2011 4:06:22 PM
From: E_K_S	Read Replies (3) \| Respond to of 78510

Your list of trims is helpful. I am finding that most are in the 18 month hold time frame. I now use the Subject Search feature on this and other threads before I make my buys. Several of your posts come up and remind me of why I like the stock (the value opportunity) and where my entry point should be. GOV: I currently hold shares. This is on my buy more list below $25.00/share *GOV selling a little more @ $26.98; shares bought 11/10 @ $25.69. I'll try to buy back these back at lower price*. How do you manage these "Buy back later" candidates? Do you use GTC orders or maintain a "buy" watch list or like me a mental note? I need to set up a better system as these take time a patients to come back into the value buy territory. When we do have a sustained 15% correction, I want to be ready with my "buy back later" stocks. NI. Trim some at $19.26; bought 10/10 @ $17.76. Most utility stocks I am following are near 12-mo highs. At this time, I'll take a chance on SUG by switching into a little SUG @$28.71. Whereas NI has some superior metrics such as lower p/bv and much higher dividend yield, SUG has been consistently able to increase its book value (not so with NI). I may be able to live with that longer than I can tolerate NI's stalled growth in stated bv and low returns on that book value. I will continue to hold my NI position (1/2010 @ $14.86). I made one sale a bit too early 7/2010 @ $16.35. Although the dividend is now below 5% (actual yield 4.7%), their forward PE of 13.28 is lower than their trailing PE 18.51. (Note: Not the case w/ D and that is why I closed out that position the other day). NI's NG transmission pipeline network (15K miles of interstate pipes) and storage infrastructure is a valuable asset. These assets come into play especially with all the new US domestic NG. Both MDU and AGL have huge NG storage infrastructure and are on my value buy watch list but at lower prices. I also own SE (same industry) but it is on my "to be" sold list (and will close out my position) since the dividend is now below 4% and their forward PE is almost above 15 close to their trailing PE of 16.5. I acquired my share 2/2009 ( @ $13.28) and sold 50% 11/2009 at $19.50 (way too early). At $27.10 the stock is close to a multi year high. This is another one that I will put on my buy back later list but at lower prices once I close out the position. EKS

To: Paul Senior who wrote (42155)	6/16/2011 1:52:02 PM
From: E_K_S	Read Replies (1) \| Respond to of 78510

Good job on you SUG purchase. ETE to Buy SUG at a 17% premium. Re: Southern Union Co. (SUG) Energy Transfer Equity, L.P. En(NYSE: ETE ) Energy Transfer Gasses Up, Will Pay $33 A Share For Southern Union MarketNewsVideo.com , 06.16.11, 12:35 PM EDT Energy Transfer Equity (ETE) said today it has agreed to acquire Southern Union Company (SUG) for $7. 9 billion, including the assumption of $3.7 billion in debt. forbes.com ------------------------------------------------------------------------- The company owns and operates one of the nation’s largest natural gas pipeline systems with more than 20,000 miles of gathering and transportation pipelines and one of North America’s largest liquefied natural gas import terminals. Southern Union’s interstate pipeline interests operate more than 15,000 miles of pipelines that transport natural gas from the major producing areas to major markets in the Southeast, Midwest and Great Lakes region. Southern Union’s natural gas transmission units include Panhandle Eastern Pipe Line Company, Trunkline Gas Company, Sea Robin Pipeline Company, Trunkline LNG Company (one of the nation’s largest LNG import terminals) and Southwest Gas Storage. Through CCE Holdings, LLC, Southern Union also owns an interest in and operates Florida Gas Transmission. The $7.9 Billion price tag for SUG is 70% of the Market Cap of Energy Transfer Equity, L.P. En (NYSE: ETE ). The market seems to believe it is a good fit as ETE is up almost 6% on the news. EKS

To: Paul Senior who wrote (42155)	6/18/2013 10:31:12 AM
From: Spekulatius	Read Replies (3) \| Respond to of 78510

Anybody still interested in Brazilian banks BBD @13.7$ or ITUB @ 13.45$ ? They trade at ~10x earnings and the shares have been very weak lately. It seems to me that those banks should have decent prospects in the long run? This thread has been very quiet recently with regards to those Brazilian banks, so I wonder if anybody still owns them or lower prices have attracted interest based on valuation? Based on what I read, I would prefer BBD over ITUB, since I believe that ITUB is probably a bit better managed but I don't have a strong opinion.